Its not the fees stupid… Part 2
The response to last week’s posting mostly from members of the traditional asset management managers was fabulously interesting to me. I received a number of emails with comments suggesting that I was crazy; others thought I was insane, or thought I was ridiculous (most of them probably worked at the big mutual fund complexes in PA and MA). I am happy to tell you that I have never met a hedge fund investor who complained about the fees when the investment made money. The only time fees became an issue in my experience is when the managers do not perform. That is the whole concept. Hedge Funds are truly asset-management […]
Its not the fees stupid…
Late yesterday, I was cleaning up the old inbox and saw an article that ran on The Street.com with a headline which grabbed my attention. It was about two of my favorite subjects– hedge funds and the Red Sox. As most of you know, I can talk and write until I am blue in the face about both of these subjects and more importantly I try to read and pay attention to what is being said about them at all times. For the most part, I discount what is being reported by the popular press, because either they don’t understand the subject or issues or just hate to report on […]